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Thailand Economic Monitor : Productivity for Prosperity (Vol. 2) : Executive Summary (Thai)

Thailand’s economic growth slowed to 2.4 percent in Q3 2019, driven by cyclical factors, notably weak external demand and heightened global uncertainty. The downturn has also exposed structural constraints, which is reflected in the sluggish growth of public and private investments. TheGovernment has responded swiftly to the growth slowdown, through accommodative monetary policies and countercyclical fiscal stimulus. Going forward, additional policies to enhance the effectiveness of the stimulus, with a focus on implementing major public investment projects andimproving the efficiency of public investment management could maximize the growth impact. In the long term, structural reforms such as enhancing competition in the domestic economy, increasing openness, and promoting an eco-system for firm innovation in order can boost productivity.

Details

  • Document Date

    2020/01/01

  • Document Type

    Report

  • Report Number

    145281

  • Volume No

    2

  • Total Volume(s)

    2

  • Country

    Thailand,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2020/01/28

  • Disclosure Status

    Disclosed

  • Doc Name

    Executive Summary

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Citation

Thailand Economic Monitor : Productivity for Prosperity (Vol. 2) : Executive Summary (Thai). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/403761580221466766/Executive-Summary